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Anand Rathi Share & Stock Brokers Ltd

Q4 FY26Capital Markets

Anand Rathi Share & Stock Brokers Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹496
Market cap₹3.2K Cr
P/E21.5
Updated24 Sept 2026
Read4 min read

The short version

Broking revenue targeted to grow around 15% year-on-year, despite market volatility. Anand Rathi aims for steady growth in both broking and non-broking segments, targeting a balanced revenue mix of approximately 50-50.

From Anand Rathi Share & Stock Brokers Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Broking revenue targeted to grow around 15% year-on-year, despite market volatility.
  • Non-broking business, including Margin Trading Facility (MTF) and distribution, expected to grow strongly at approximately 40%-45% annually.
  • Overall revenue growth aimed between 15% to 20% year-on-year.
  • Broking and non-broking segments targeted to achieve a revenue mix of about 50-50 in coming years for balanced and stable growth.
  • MTF book growth disciplined, with target to reach ₹15,000 million by FY26; reported 61% YoY growth for FY26.
  • Distribution income expanding significantly, growing 44.1% for full year FY26, with focus on cross-selling and wider product basket.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Anand Rathi Share & Stock Brokers Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The transcript does not explicitly mention any current or future capex, capital investment, or strategic investment plans. However, relevant points that may imply investments include: - The company completed its IPO in September 2025, raising ₹745 crore, used to strengthen working capital. - Investments in technology platforms and process automation to improve customer engagement and team productivity. - Continued expansion of distribution business and product offerings (mutual funds, PMS, AIF, insurance, etc.). - Strengthening branch network and business partner ecosystem, especially in emerging Tier 2 and Tier 3 markets.

2 more points management made on capital expenditure plans

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Ranked on what management guided this quarter

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3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Anand Rathi Share & Stock Brokers Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript and document pages do not mention any information about the current or expected order book or pending orders for Anand Rathi Shares and Stock Brokers Limited. The discussion primarily focuses on financial performance, business segments, client base growth, margin trading facility (MTF) book, asset under management (AUM), broking revenue, and strategic outlook. No details were shared regarding order book status or pending orders.

Anand Rathi Share & Stock Brokers Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹255 Cr, net profit ₹42 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Anand Rathi Share & Stock Brokers Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Anand Rathi Share & Stock Brokers Ltd Q4 FY26 results?

Broking revenue targeted to grow around 15% year-on-year, despite market volatility. Anand Rathi aims for steady growth in both broking and non-broking segments, targeting a balanced revenue mix of approximately 50-50.

What is Anand Rathi Share & Stock Brokers Ltd share price analysis?

Anand Rathi Share & Stock Brokers Ltd currently shows a neutral. The stock trades at a P/E of 21.4 with a market cap of ₹3,166 Cr. Investors should review the full earnings analysis for detailed insights.

Is Anand Rathi Share & Stock Brokers Ltd planning capital expenditure?

The transcript does not explicitly mention any current or future capex, capital investment, or strategic investment plans.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.